Examples of using Hipcs in English and their translations into Chinese
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Political
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Ecclesiastic
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Programming
The debt sustainability analysis for HIPCs should be based on more realistic projections of export earnings of beneficiary countries.
The remaining 10 interim and 11 pre-decision point HIPCs would become eligible once they have completed the requirements for HIPC Initiative.
Considering on a case by case basis debt relief measures for LDCs which are not HIPCs as an integral part of development processes;
Deal comprehensively with the debt problems to make debt sustainable in the long term, including through enhanced programme of debt relief for HIPCs and cancellation of official bilateral debt.
Of the 41 countries classified as Highly Indebted Poor Countries(HIPCs), 33 are in sub-Sahara Africa.
Among the issues highlighted was the urgent need for post-conflict economic rehabilitation assistance of 11 heavily indebted poor countries(HIPCs) in sub-Saharan Africa.
Three additional HIPCs attained the completion point, following Uganda, which had been the first country to do so in April 1998: Bolivia in September 1998, Guyana in May 1999 and Mozambique in June 1999.
In addition to enhancing HIPCs external viability, reducing fiscal pressure and creating room for transferring resources to social expenditures should also be a key concern under the HIPC initiative.
Within the existing list of 41 HIPCs, the seven additional eligible countries are: Benin, Senegal, Ghana, Honduras, Lao People's Democratic Republic, Togo, Cenral African Republic.
There are 15 HIPCs, such as those emerging from conflict situations, whose cases have not yet been considered and whose eligibility needs to be assessed as soon as conditions permit.
According to the World Bank and IMF, the number of vulture fund lawsuits against HIPCs" has been declining in recent years but flattened over the past few years.".
In order to avoid debt-servicing difficulties and to achieve the Millennium Development Goals by 2015 without an increase in debt ratios, exclusively grant-based finance for most HIPCs is called for.
HIPCs have made some progress and, relative to other country groups, were faced with the challenge of making the largest absolute changes to meet their Goal targets.
The country efforts to meet necessary obligations to engage in the process of HIPCs initiative are accelerated, but unfortunately these efforts are hampered by international issues and tied aid.
The System will be reinforced in the future by an interface with the debt strategy module used by the World Bank for debt sustainability analysis; it is currently installed in 55 countries, of which 21 are HIPCs.
This progress notwithstanding, there is an increasing recognition that the HIPCs, including those which have gone beyond the completion point, are falling short of their Millennium Development Goals.
It is notable that, while the report does not identify the external burden as the cause of this lack of progress, 33 of the countries surveyed are HIPCs(including 27 post-completion HIPCs). .
Two other HIPCs, Ethiopia and Sao Tome and Principe, secured Naples terms relief, involving a 67 per cent debt service reduction in present value terms.
More than $5.5 billion of external commercial debt, which is not covered by the HIPC Initiative, has also been written-off in 15 African HIPCs supported by the Debt Reduction Facility.
In addition to these 14 countries, five African HIPCs- Benin, Burkina Faso, Mali, Senegal and Zambia- had their existing Paris Club agreements topped up to Cologne terms.